Tiger Company's stockholders' equity at the beginning of the year was $175,000.During the year Tiger reported the following:
Net income of $79,000.
Dividend declarations totaling $17,000.
Issued stock to stockholders in exchange for $42,000 cash.
Stockholders sold some of their stock to other stockholders for $11,000 cash.
What is Tiger's stockholders' equity at the end of the year?
A) $296,000
B) $279,000
C) $290,000
D) $273,000
Correct Answer:
Verified
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